Decommissioning and plug & abandonment will be on the agenda when GCE NODE facilitates a meeting between NODE companies and oil companies in September.

«We need to talk directly with oil companies to get their view on these matters. Decommissioning and P&A represent enormous costs. It is expected that a close cooperation between oil companies and their suppliers can cut costs significantly», says Marit Dolmen, RD&I Manager at GCE NODE.

Several NODE companies are looking into this evolving market – a few are already operating in it.

«Decommissioning and P&A are still in an early phase. NODE companies have the expertise and experience to be important players in what will be a huge market. A close relationship with the oil companies could spark new innovations and prove beneficiary for all», says Dolmen.

April 18th 2024

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